August 21, 2019
Connect Orange County is on tap tomorrow, August 22nd, at The Resort at Pelican Hill in Newport Coast. More information about the event and registration details can be found here.
The Irvine Company announced three leadership changes among the executive ranks of the Newport Beach, CA-based commercial real estate firm. Charles “Chip” Fedalen Jr. was promoted to president, replacing Ray Wirta, who retired in March. Fedalen will retain his current position as CFO.
Two other executive-level changes included the promotion of Frank Abeling to EVP of real estate operations. Doug Holte, president of the office division, assumed the additional responsibility of lead division president. Holte’s new role elevates him to a senior position over the presidents of other divisions. In addition to retaining his current role, he will hold responsibility for corporate strategies.
The company said the promotions “are part of the natural progression within the leadership of Irvine Co.”
Fedalen joined the company in 2014, after serving at Wells Fargo Commercial Real Estate’s institutional lending platform in the U.S., Canada and the UK. He’s also a past trustee of the Urban Land Institute.
*Pictured Irvine Co.’s 400 Spectrum in Irvine, CA
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